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and shorter. not only do we see china, israel, others have drones' now, saudi arabia has drones now, we are probably going to be dealing with the other side of that. we are daily dealing with cyber attacks on our infrastructure. the answer to your question is, it can reinforce the existing power structures but it can also empower non-stage actors far faster than we get reinforced. >> i would say that his point is a fair one except, coming back to us, i think we have kept ourselves still in this environment of being extremely competitive. you reference an area that is a key one for the united states, and that is energy. the united states is number one in natural gas. the united states has been working very aggressively in ensuring that it is energy independent. just the other day, "the wall street journal" highlighted that the united states has grown exponentially in terms of its own oil production. i think we're going to see more of that. you were describing an important range of changes, but another one this going to matter in terms of the overall geopolitical calculation and our provi
overseas that were once here. the other reality is automation israel. my wife, when we were still dating -- automation is real. my wife, but we were still diggiating, was a banker. now you can take a picture of your check and deposit it. the political leadership that understands yoa government that spends more money than they take in will run into trouble fast. if the tax rates are too high, it discourages people from investing. they are unpredictable -- unpredictable, it scares them away. you want your water to be drinkable, your air to be breathable. you what will the people have to follow. if you are not weigh the cost of the regulation with the impact positive or negative it will have, you will have that regulations. we do not have any of that. government is contributing to this climate of poor growth. you look at the fiscal cliff. you know who made that? congress made that. the idea that each have an enormous tax increases at the same time we have a dramatic cuts in spending, that is the same time all these tax breaks expire and the spending goes down. that was not an accident. cong
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